http://www.americanfastener.com/technical/grade_markings_steel.asp
Metric grade 8.8 is equivalent to SAE grade 5.
Metric grade 10.9 is equivalent to SAE grade 8.
Metric grade A2-70 (d>=M2) is Metric grade 8.8, SAE grade 5, 304 Stainless steel.
Metric grade A4-70 (d>=M2) is Metric grade 8.8, SAE grade 5, 316 Stainless steel (less strong, more corrosion resistant than A2).
Metric grade A2-50 (d<M2) is Metric grade 8.8, SAE grade 5, 304 Stainless steel.
Most Stainless hardware is Metric 8.8. I haven't actually seen SS Metric 10.9 before.
Metric grade A2 is 304 stainless steel. A4 is 316 stainless steel.
Most Metric 10.9 hardware is not stainless, but coated with zinc (gives it a yellow/gold color)
American Grade 8 hex head hardware typically has a black coating, presumably to prevent corrosion.
I use Metric grade 8.8 everywhere on my Bergs, except where factory harware is more applicable (for instance, the BIG cylinder studs). All my engine side covers and rocker cover use A2 SS hardware.
The big issue to worry about with SS fasteners and aluminum is galvanic corrosion. Due to the metals being dissimilar, they will act as a battery with one another, with one being positive and one being negative. In these circumstances, corrosion occurs. If you leave the SS fasteners in the aluminum block for a long time, you'll have an issue. But, I think you'd be fine if you replaced all fasteners when you do a rebuild every 1-2 years. I also use oil on the bolts when installing, which I think helps a tad bit.
Another issue to worry about with fasteners, as BD mentioned, is galling. This happens when you have two similar metals (steel-steel) directly against one another without any coating on either. This is bad, and should be avoided. Luckily, you'll have a hard time finding uncoated hardware, so it isn't too big of a deal.
The rear caliper (I think) has 6x 8mm hex bolts. If you used SS there, you'd probably be fine, but would be better suited to a higher grade coated cap screw or hex head.
Anyone correct me if I've made a mistake.
-Parsko